Wirex, in partnership with Stellar and Circle, has gone live with a dual-stablecoin settlement system for its Visa cards. The integration uses Circle's USDC and EURC on the Stellar network to settle card payments, moving a significant part of traditional card processing onto the blockchain.

This development marks a shift from legacy banking rails to a more efficient, on-chain infrastructure. For Wirex's 7 million+ users, this means card payment settlements will now occur directly in stablecoins on the Stellar network. The result is a faster, more transparent, and lower-fee payment experience, available 24/7.

The system is powered by Wirexpaychain, the company's on-chain infrastructure that connects self-custody wallets to card and bank payments. This launch moves stablecoin settlement from a proof-of-concept to a globally operational system, demonstrating how blockchain can enhance mainstream financial services without requiring changes in consumer habits.

The move signifies a growing trend of leveraging blockchain for real-world financial applications, improving efficiency in the global payments landscape.

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https://wirexapp.com/blog/post/wirex-and-stellar-go-live-with-dual-stablecoin-visa-settlement-in-usdc-and-eurc-for-7-million-users-1132